Industrial Flooring Market Competitive Insights Analysis at a CAGR of 5.4% from 2022 to 2031

Any layer of finish material laid over a floor structure to give permanent covering is referred to as floor covering. Epoxy, polyaspartic, polyurethane, anhydrite, and others. are all common flooring materials. The market is expected to develop due to rise in demand for industrial flooring materials in the growing industrial sector. Furthermore, the flooring business is predicted to benefit from the rise in demand for hard flooring, which has appealing qualities such as being more usable, easier to use, and are installed in remodeling and restoration of industrial and commercial projects.

In addition, the rise in government investments in the approaching construction and manufacturing sector expansion is expected to boost the flooring industry during the forecast period.

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The industrial flooring market size was valued at $7.9 billion in 2021, and is estimated to reach $13.5 billion by 2031, growing at a CAGR of 5.4% from 2022 to 2031.

Various government are taking initiatives to enhance the living standard of citizen. For instance, the Government of Canada launched a $30 million rebate scheme in June 2020, which is expected to assist to save a considerable amount of money on building industries and manufacturing projects. Hence, this investment is expected to provide lucrative growth in the industrial flooring market. Hence, these investments are expected to provide significant growth in industrial flooring market.

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Key Points of Segments:

By End User Industry
• Chemical
• Food and Beverages
• Healthcare
• Transportation and Aviation
• Others

By Thickness
• Light duty
• Medium Duty
• Heavy Duty

By Material
• Epoxy
• Polyaspartic
• Polyurethane
• Anhydrite
• Others

Top Players:
Twintec Group Limited, VIACOR Polymer GmbH, Sika AG, RPM International Inc., BASF SE, Fosroc, Inc., Don Construction Products Ltd., MAPEI S.p.A, Cornerstone Flooring, Cipy Polyurethanes Pvt. Ltd.

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Key Findings Of The Study
• The report provides an extensive analysis of the current and emerging global industrial flooring market trends and dynamics.
• Depending on material type, the epoxy tiles has dominated the industrial flooring market growth, in terms of revenue in 2021 and others segment is projected to grow at a significant CAGR during the forecast period.
• By thickness, the heavy duty segment has registered highest revenue in 2021.
• Asia-Pacific is projected to register highest growth rate in the coming years.
• The key players within the global industrial flooring market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the service robotics industry.

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